Reinsurance Group of America Inc (NYSE:RGA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,967 shares of the insurance provider’s stock after purchasing an additional 590 shares during the period. Rhumbline Advisers owned 0.25% of Reinsurance Group of America worth $25,921,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RGA. Boston Partners raised its stake in shares of Reinsurance Group of America by 5.6% in the 3rd quarter. Boston Partners now owns 2,116,329 shares of the insurance provider’s stock valued at $338,398,000 after acquiring an additional 112,293 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Reinsurance Group of America by 2.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 769,574 shares of the insurance provider’s stock valued at $123,039,000 after acquiring an additional 16,133 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Reinsurance Group of America by 54.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 562,384 shares of the insurance provider’s stock valued at $89,914,000 after acquiring an additional 199,394 shares during the period. California Public Employees Retirement System raised its stake in shares of Reinsurance Group of America by 6.7% in the 3rd quarter. California Public Employees Retirement System now owns 541,309 shares of the insurance provider’s stock valued at $86,544,000 after acquiring an additional 34,020 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Reinsurance Group of America by 0.5% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 444,783 shares of the insurance provider’s stock valued at $71,112,000 after acquiring an additional 2,430 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Patricia Lynn Guinn purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $144.29 per share, with a total value of $288,580.00. Following the purchase, the director now directly owns 3,949 shares of the company’s stock, valued at approximately $569,801.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company’s stock.

A number of brokerages have recently commented on RGA. Citigroup cut their target price on shares of Reinsurance Group of America from $181.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $147.00 to $145.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 29th. Evercore ISI downgraded shares of Reinsurance Group of America from an “in-line” rating to an “underperform” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 target price on shares of Reinsurance Group of America in a research note on Thursday, January 30th. Finally, ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $161.80.

Reinsurance Group of America stock traded down $0.26 during midday trading on Friday, hitting $153.30. 4,086 shares of the stock were exchanged, compared to its average volume of 451,842. Reinsurance Group of America Inc has a 1 year low of $139.83 and a 1 year high of $169.26. The firm has a market cap of $9.75 billion, a P/E ratio of 11.26 and a beta of 0.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.12. The company has a 50 day moving average price of $156.24 and a two-hundred day moving average price of $157.86.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $3.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.71 by ($0.28). Reinsurance Group of America had a return on equity of 7.85% and a net margin of 6.08%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the firm earned $3.46 EPS. As a group, analysts predict that Reinsurance Group of America Inc will post 14.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 6th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, February 5th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.97%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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